Tuesday
- May 16, 2000
Some Finding Stock Options Worthless
According to Digital Mass:
"A growing number of high-tech and Internet
employees enticed to start-ups by huge stock options are
ending up in court, charging their employers with wriggling
out of stock deals after hitting the big time.
Some workers say they have been fired within
days of being able to exercise options, while others say
they have been demoted in the hope they would simply leave
the job and their stock options behind.
Recent national studies show that as many as
one in five American workers are eligible for some kind of
stock option plan. And with unemployment rates hitting historic
lows, cash-strapped start-ups are increasingly making stock
options a key part of their pitches to prospective employees,
dangling the possibility of a big payday if the stock takes
off.
Only when the dizzying rush to get a business
off the ground is over - and executives face scrutiny from
venture capitalists, corporate-merger partners, and stockholders
- does stock-option hangover hit..."
Click
here for the full story. [Link no longer active]
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